Banco Bpm Societa Ord (BNCZF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good evening. This is the Corusco Conference Operator. Welcome and thank you for joining the Banco BPM Group first quarter 2025 results presentation. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on their cell phones. At this time, I would like to turn the conference over to Mr. Arne Riscassi, IR Manager of Banco BPM. Please go ahead, sir. Thank you, everybody, for joining the call. The CEO, Mr. Giuseppe Castagna, together with the Joint General Manager, CFO, Mr. Edoardo Gineva, will present the Q1 results for 2025. And now let me leave the floor to Mr. Giuseppe Castagna. Thank you. Thank you, Arne. Thank you, everybody, for being with us for the Q1 presentation results. Very solid set of results, I would say. We are not only closer to the target of the plan, but I think we started with a real fast pace, which enabled us to confirm that the targets are at reach. First of all, Q1 results, the best results in our history, 511 million on net profits, ANIMA acquisition is not yet factored into P&L. The initial contribution on ANIMA will be included starting from Q2, having concluded the acquisition in April. The ROTI and the ROI stand at 16.7% and 22.1% with the full consolidation of ANIMA. Let's say that we are ahead of the planned trajectory. Non-interest revenues, pro forma including ANIMA, already represent 49% of total revenues versus our target of 50% by 2027. So almost there. The same I would say that if we include a pro forma of ANIMA Q1, the net income of the group would stand 2% above the average quarter of 2027. So with a big anticipation over the plan. Profit from cont...